540 Dorchester Drive, Oshawa, ON

$625,000
MLS#:E8462350
3 beds
2 baths
1000-1199 sqft
2.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable 2-Storey condo townhouse located in the coveted neighborhood of Vanier. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $625,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1000-1199 sqft
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Other, Auto Garage Door Remote, Central Vacuum
  • equipped with other central cooling and highly efficient heat pump heating via electric

Description

Wonderful Condo Townhome located in a quiet family oriented neighbourhood! This 3 bedroom - 2 bathroom home features a gorgeous updated kitchen with quartz countertops and stylish backsplash. The living room and dining room are combined - creating a great space to gather. The finished basement is the perfect space for kids to hang out. There is a private fenced yard and also a garage. Plenty of storage space available. This home is conveniently located to the highway 401 and GO train and will make travel so much more desirable. Lovely park for kids to play at within the complex. Perfect location for commuters -

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Property Summary

This townhouse located at 540 Dorchester Drive, Oshawa is currently for sale and has been available on SousaSells for 753 days. This property is listed at $625,000 with an estimated mortgage of $2,080* per month. It has 3 beds, 2 bathrooms, and is 1000-1199 square feet. 540 Dorchester Drive, Oshawa is in the Vanier neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1000-1199 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJuly 3, 2024
Sold price information is available to members only
Listed Date6/20/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Townhouse
Architectural Style2-Storey
ConstructionBrick, Vinyl Siding
BasementFinished
CountyDurham
Annual Tax$2,684

Parking & Garage

Parking Spaces2.0
Garage Spaces1
Garage TypeBuilt-In

Heating & Cooling

Heat SourceElectric
Heat TypeHeat Pump
CoolingOther

Features

Property Features

Fenced Yard, Level, Park, Place Of Worship, Public Transit, School

Interior Features

Other, Auto Garage Door Remote, Central Vacuum

Security Features

Community Features

Location

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540 Dorchester Drive, Oshawa, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 540 Dorchester Drive 60, Oshawa, ON L1J 6M5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Oshawa.

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Interest Rate4.00%
Down Payment$187,500 (30.0%)
* Minimum Canadian down payment required for this price is $37,500.
Amortization Period30 Years
Estimated Monthly Payment$2,080Based on a loan of $437,500 over 30 years.
Purchase Price$625,000
Loan Amount$437,500
Provincial Land Transfer Tax:$8,975
Total Estimated Closing Taxes:$8,975

About Purchasing a Home in Oshawa, ON

For a property listed at $625,000 in Oshawa, the legal minimum down payment is $37,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,975 for this transaction. As this listing is in Oshawa (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,975.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Vanier, Oshawa.

Verified Local Data
City Population415,311
City Median Age39.6 Yrs
City Ownership75% Owners
Avg Area List Price$708,431

People & Families

Age Distribution

Household Composition

One-person households
21%
Families with children
53%
Couples without children
26%
Other households
0%

Top Ethnic Origins

English23%
Scottish18%
Irish18%
Canadian16%

Local Schools Guide

Elementary Schools

St Thomas Aquinas
Public400 Pacific Avenue, Oshawa, Ontario, L1J 1V9
4.4
Corpus-Christi
Public362 Hillside Avenue, Oshawa, Ontario, L1J 6L7
5.7
Waverly
Public100 Waverly Street South, Oshawa, Ontario, L1J 5V1
4.7
Village Union
Public155 Gibb Street, Oshawa, Ontario, L1J 1Y4
3.8
College Hill
Public530 Laval Street, Oshawa, Ontario, L1J 6R2
4.0

Secondary Schools

O’Neill
Public301 Simcoe Street North, Oshawa, Ontario, L1G 4T2
5.7
R. S. McLaughlin
Public570 Stevenson Road North, Oshawa, Ontario, L1J 5P1
6.4

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied75%
Rented25%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.